(Business in Cameroon) - Philippe Wattecamps (photo) will be the new managing director of BICEC. This was revealed on July 4, 2018, in Yaoundé during the farewell ceremony of Alain Ripert, the former director who was promoted as BICEC’s as well as CEPAC's board member.

Let’s remind that on March 23, 2018, when Alain Ripert’s promotion was announced, Sylvain Faure was set to replace him. BICEC did not explain the reason for this change. However, Philippe Wattecamps, currently managing director of Banque des Mascareignes, BPCEC’s subsidiary in Mauritius, will assume his new position in September.

He was in Yaoundé yesterday July 4, 2018, to be presented to a few selected guests. In his address, he informed that he had been working for the group BPCEC for thirty years. “I look forward to coming to our bank [in Cameroon] in September”, he said.

Speaking during the ceremony, Jean Baptiste Bokam, president of BICEC’s administrative board indicated that M. Wattecamps is coming at a time when a new “purchaser is knocking at BICEC’s doors”. This statement seems like a confirmation of the information according to which many subsidiaries of the French group Banque Populaire-Caisse d’épargne (Bpce), BICEC included, would be purchased by the Moroccan Banque Centrale Populaire (BPC).

S.A